The Accounts Receivable balance for Highland Company at December 31, 2017, was $ 22,000. During 2018, Highland earned revenue of $ 457,000 on account and collected $ 321,000 on account. Highland wrote off $ 6,400 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 4% of accounts receivable

UHONDIR mathxl.com/Student/PlayerHomework.aspx?homeworkld=528984583&questionid=1&flushed=fal... e Principles of Accounting IE1 Save Homework: Chapter 9 Fall 2019 Score: 0 of 15 pts 4 of 7 (2 complete) S9-7 (similar to) HW Score: 18.68%, 18.68 of 100.. Question Help The Accounts Receivable balance for Highland Company at December 31, 2017, was $22,000. During 2018, Highland earned revenue of S457,000 on account and collected $321,000 on account. Highland wrote off $6,400 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 4% of accounts receivable. Read the requirements Requirement 1. Assume Highland had an unadjusted $2,500 credit balance in Allowance for Bad Debts at December 31, 2018 Journalize Highland's December 31, 2018, adjustment to record bad debts expense using the percent-of-receivables method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec 31 Requirements Assume Highland had an unadjusted $2.500 credit balance in Allowance for Bad Debts at December 31 2018. Journalize Highland's December 31, 2018 adjustment to record bad debts expense using the percent-of-receivables method Assume Highland had an unadjusted $2.200 debt balance in Allowance for Bad Debts at December 31, 2018. Journalize Highland's December 31 2018 adjustment to record bad debts expense using the percent-of-receivables method Choose from 1 part remainin Print Done Type here to search